Stephens sees 28% upside for Sonic

|About: Sonic Corp. (SONC)|By:, SA News Editor

Stephens upgrades Sonic (NASDAQ:SONC) to Overweight after having the restaurant stock lined up at Equal Weight. The risk/reward profile on Sonic is seen as attractive due to the expected track of same-store sales growth.

The investment firm takes its price target up to $32 to rep 28% upside potential for shares. The 52-week high on Sonic is $35.72.